Welcome to one of the most exciting waterfront opportunities in Gananoque. Imagine starting every morning with breathtaking views of the St. Lawrence River from your expansive two-level porch. Watch the tour boats cruise by, enjoy the ever-changing waterfront scenery, and soak up the sunshine thanks to the property's southern exposure. It's the perfect place to entertain, unwind, or simply take in everything that makes the 1000 Islands so special, like jumping in any of your boats from either of the two boathouses, one with extraordinary space upstairs. This impressive four-bedroom home offers much more than an incredible waterfront lifestyle. A detached two-unit apartment building provides excellent income potential, while the main home also offers the possibility of creating an additional self-contained suite. And the location? It simply doesn't get much better. Situated in the heart of Gananoque's vibrant waterfront district, you're just steps from the tour boat docks, waterfront restaurants, hotels, live entertainment, museums, and the renowned 1000 Islands Playhouse. Whether you're looking for a dream home, a smart investment, or the perfect place to grow a business, the possibilities here are endless. Properties that combine waterfront living, walkable convenience, and exceptional income potential are incredibly rare. Come experience the view for yourself-and let your imagination take over.
4 bedrooms, 3 bathrooms, about 2,000 sq ft, works out to roughly $798 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 50 - 60 Water St
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
2000-2500 sq ftas stated on the listing
Parking
8 spaces
Basement
Finished with Walk-Out, Partially Finished
Features & systems
Parking & garage
Parking spaces
8
Interior
Basement
Finished with Walk-Out · Partially Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Detached
50 - 60 Water St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13503884$1,595,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 50 - 60 Water St Compares to the Gananoque Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$7,836
/mo
based on the purchase price of $1,595,000
$319,000 cash
$1,276,000 financed
$1,074,727 total interest
Principal54%$1,276,000
Interest46%$1,074,727
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Gananoque
Other 4-bed homes for sale in Gananoque around $1.6M.
Average days on market51Homes sold in about 51 days on average.
Sale-to-list ratio95.2%On average, homes sold below asking.
Active listings68Homes for sale here right now.
Median vs prior 90 days−9.0%Compared with Apr 25 – Jul 24, 2026: prices down.
Based on 39 sales from Jul 24 – Oct 22, 2026 (27 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 50 - 60 Water St
How much is 50 - 60 Water St listed for?
50 - 60 Water St is listed at $1,595,000 (MLS® X13503884). Summitly updates the price as soon as the MLS® record changes.
Is $1,595,000 a good price for 50 - 60 Water St?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Gananoque. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 50 - 60 Water St changed?
No — 50 - 60 Water St is still listed at its original asking price of $1,595,000.
How many bedrooms and bathrooms does 50 - 60 Water St have?
50 - 60 Water St has 4 bedrooms and 3 bathrooms, with about 2,000–2,500 square feet of living space. It is a detached home in Gananoque.
How much would the monthly mortgage be on 50 - 60 Water St?
About $7,836 a month — principal and interest on $1,595,000 with 20% down ($319,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 50 - 60 Water St compare with other homes in Gananoque?
Its asking price of $1,595,000 is about 231% above the median sold price in Gananoque over the last 90 days, $482,500, across 39 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 50 - 60 Water St been sold before?
Summitly has no earlier MLS® sale or lease of 50 - 60 Water St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 50 - 60 Water St?
50 - 60 Water St is in Gananoque, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 50 - 60 Water St been on the market?
114 days — 50 - 60 Water St was listed on June 30, 2026.
What is the price per square foot of 50 - 60 Water St?
About $638 to $798 per square foot: the asking price of $1,595,000 over the 2,000–2,500 sq ft the listing gives as its size range.
Does 50 - 60 Water St have parking or a garage?
Yes — the listing gives 8 parking spaces.
Does 50 - 60 Water St have a basement, and is it finished?
The listing describes the basement as: Finished with Walk-Out, Partially Finished.
